Polymarket recorded a sharp rise in daily fees after expanding its fee model on March 30.
According to DefiLlama, the platform’s daily revenue exceeded $1 million on April 1. On April 2, revenue reached approximately $899,000 to $995,000.
Related: Trader Turns $676 Into $67,000 on Polymarket in One Minute
Previously, Polymarket charged fees only on crypto and sports markets. The new model extended taker fees to nearly all categories, including politics, finance, economics, culture, weather, and technology.
Geopolitical and world events remain fee-free.
Fee rates depend on outcome probability and peak at 50%.
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Polymarket Integrates Pyth for Traditional Markets
Besides, Polymarket has integrated Pyth Pro as a data source for its new traditional asset markets. The platform uses Pyth for real-time pricing on gold, silver, major stock indices, and individual US equities.
Pyth Pro provides data directly from leading market makers, exchanges, and banks. These include Jump Trading, Jane Street, LMAX, and Cboe. The data updates every second and displays as live charts.
According to Polymarket representatives, data source reliability becomes critical when millions of dollars are at stake.
Related: Wallet in Telegram Adds Support for Perps With 50x Leverage by Lighter
Changes to Monetization
Makers continue to trade without fees. They also receive daily rebates in USDC▲$0.9998 worth 20 to 25% of collected fees. Analysts estimate the current fee level corresponds to annual revenue of approximately $338 million.
The changes come amid rapid growth across the prediction markets sector. Total monthly trading volume in the industry has exceeded $20 billion. At the same time, Polymarket faces growing regulatory pressure.
Regulatory Risks
In Europe, Hungary and Portugal have restricted access to the platform due to the lack of a gambling license. In Argentina, a court issued a full ban on Polymarket citing insufficient user verification. The platform’s website indicates it is blocked in 33 countries.
In the United States, at least 11 states have taken legal action against Polymarket and Kalshi. Despite this, both platforms continue to grow. According to sources, they are exploring new funding rounds with potential valuations of approximately $20 billion each.
Related: What’s Happening With Prediction Markets in the US: A Look at Recent Initiatives
